Banks (Finance)
Askari Bank Limited has taken a significant step towards distributing profits to its investors by declaring a 20% interim dividend. The book closure, scheduled from September 2 to September 4, 2025, marks the beginning of a two-day period during which the bank will update its records and ensure an accurate
Banks (Finance)
KCB Bank's SAHL Islamic banking arm is set to roll out Shariah-compliant investment funds, aiming to capitalize on Kenya's growing ties with the Middle East and fill a long-standing product gap in the market. The local market, currently dominated by Standard Investment Bank, is estimated to
Banks (Finance)
The Bank of Punjab (BOP) has taken steps to determine the entitlement for an interim cash dividend for the first half of 2025. Following a meeting of the Board of Directors on August 29, 2025, the dividend was declared at Rs.1 per share, representing a 10% payout. Shareholders are
Banks (Finance)
Kapital Bank, a global financial institution, has announced the acquisition of Grupo Financiero Intercam's brokerage, asset management, and operational banking assets, subject to regulatory approvals. To ensure the integrity of this transaction, Kapital has engaged K2 Integrity, a premier risk advisory and forensic diligence firm, to review and
Banks (Finance)
HDFC Bank and ICICI Bank, two leading private sector banks in India, have shown robust performance in their Q1 results, exceeding estimates and making them prominent in the top banking picks of most brokerage houses. Despite the banking sector being under pressure, these two banks have delivered steady returns and
Banks (Finance)
The Enforcement Directorate (ED) recently conducted searches at two premises belonging to Shakti Ranjan Dash, the Managing Director of Anmol Mines Pvt Ltd (AMPL), in Bhubaneshwar, resulting in the seizure of several luxury cars, cash, and incriminating records. The probe is linked to a bank fraud of Rs 1,400
Banks (Finance)
As the Trinidad and Tobago Police Service (TTPS) continues to warn the public about the dangers of phone scams and fraudulent activities, a recent case highlights the importance of being vigilant when receiving unsolicited messages. A woman claimed that TT$45,000 had been unlawfully transferred from her bank account
Banks (Finance)
Columbia Banking System, Inc., the parent company of Columbia Bank, is set to release its third-quarter 2025 financial results on October 30, 2025. The company will hold a conference call at 5:00 p.m. ET to discuss the results, and participants are encouraged to register in advance to receive
Banks (Finance)
Samsung Electronics' recent acquisition of Flakt Group, a leading European air conditioning equipment company, marks a significant shift in the group's investment strategy, prompting global investment banks (IBs) to flock to Seoul in an effort to secure advisory roles for the company's future mergers and
Banks (Finance)
Khaleeji Bank, one of Bahrain's leading Islamic banks, has announced a strategic partnership with the eTijwaal App to offer eSIM services to its clients for seamless and convenient connectivity during travel. The eTijwaal App simplifies communication abroad by avoiding high roaming charges and provides reliable connection without the
Banks (Finance)
The Enforcement Directorate (ED) carried out extensive raids at the residence and offices of Odisha-based mining baron Shakti Ranjan Dash in connection with a money laundering probe linked to the Rs 1,396-crore Indian Technomac Company Limited (ITCOL) bank loan fraud case. The searches targeted Dash's Bhubaneswar residence
Banks (Finance)
The Standard Bank of South Africa Limited has successfully listed its Senior Unsecured Floating Rate Credit Linked Notes, SBC199, on the Johannesburg Stock Exchange (JSE). This new financial instrument, with a total issue size of ZAR117,044,937,613.60, is part of the bank's Structured Note Programme,
